The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has urged President-elect, Muhammadu Buhari not to appoint politicians, as the head of Nigerian National Petroleum Corporation (NNPC).
PENGASSAN’s President, Mr. Francis Johnson, said it was the only way government can move towards“achieving effectiveness and curbing wastages of our resources and potentials to improve accountability and optimisation across the polity and economy.”
He also said that the holding company and its 10 subsidiaries can only be effective and adhere to global best practices if not subjected to undue political interference.
Mr. Johnson speaking on PENGASSAN’s view on the road map to revamp the oil and gas industry, said:“There is need to instil in NNPC the culture of corporate governance and career management, which requires a legislative review to ensure that the board of NNPC is headed by technocrats and not politicians.
“The position of Group Managing Director and Managing Directors of the subsidiaries must be tenure based to check frequent termination of employment by the President that leads to policy somersault and unstable system, which breeds compromise of corporate values and principles.”
He further said that Buhari’s government should establish a Petroleum Inspectorate for effective regulation of the sector.Meanwhile Nigeria’s President-elect, Muhammadu Buhari recently revealed that one of his the problems is the petroleum industry, admitting that he gets confused when people start talking about fuel subsidy.
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